Toronto, Ontario--(Newsfile Corp. - June 5, 2020) - Silk Energy Limited (the "Company") announces that due to delays caused by the COVID-19 crisis, it is relying on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission to postpone the filing of its interim financial statements for the quarter ended March 31, 2020, as required by section 4.4 of National Instrument 51-102 - ...

Silk Road Medical did not receive proceeds from the sale of its common stock by the selling securityholders. The public offering was made pursuant to an automatic shelf registration statement on Form S-3 that was filed by Silk Road Medical with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on May 5, 2020.

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1,923,076 shares in the offering were offered for sale by Silk Road Medical, and 4,885,078 million shares were offered for sale by certain selling securityholders. Gross proceeds from the offering to Silk Road Medical were approximately $75 million. The selling stockholders granted the underwriters a 30-day option to purchase up to an additional 1,021,223 shares of common stock at the public offering price, less the underwriting discounts and commissions.

1,923,076 shares in the offering are being offered for sale by Silk Road Medical, and 4,885,078 shares are being offered for sale by certain selling securityholders. In addition, the selling securityholders have granted the underwriters a 30-day option to purchase up to an additional 1,021,223 shares of common stock at the public offering price, less the underwriting discounts and commissions. The gross proceeds from the offering to Silk Road are expected to be approximately $75 million.

$75 million of the shares in the offering are being offered for sale by Silk Road Medical and $25 million of the shares are being offered for sale by certain selling securityholders. In addition, the selling securityholders expect to grant the underwriters a 30-day option to purchase up to an additional shares of common stock in an amount of up to 15% of the number of shares sold in the offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Toronto, Ontario--(Newsfile Corp. - April 27, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") is pleased to report it has entered into revised agreements concerning its interest in the Ustyurt Property and its financing arrangements.BackgroundThe Company's business is to explore for oil and gas on the Ustyurt Property in the Republic of Kazakhstan, through the Company's wholly-owned Norwegian subsidiary, Silk Energy AS ("Silk AS"). The Kazakh government has granted an exploration license to ...

Toronto, Ontario--(Newsfile Corp. - April 26, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") announces that due to delays caused by the COVID-19 crisis, it is relying on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission to postpone the filing of its annual audited financial statements for the year ended December 31, 2019, as required by section 4.2 of National Instrument 51-102 ...

Silk Road Medical, Inc. (SILK), a company focused on reducing the risk of stroke and its devastating impact, today provided a corporate update in response to the COVID-19 pandemic. Silk Road Medical is committed to working closely with its partners as part of the coordinated public and private sector response to this unforeseen event. Protecting the health and wellbeing of employees and others: In line with recommendations from federal and local government and healthcare agencies, Silk Road Medical has transitioned employees, except for those deemed essential to key aspects of the business, to a remote work environment.

Dr. Robert Mittendorff of Norwest Venture Partners took some time from two days of training before his weekend shifts in an ER at a Bay Area hospital to share his insights about the health and economic impact of COVID-19, as well as advice on what startups should be doing.

Toronto, Ontario--(Newsfile Corp. - January 30, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") is pleased to announce that it has closed two tranches of its previously announced private placement offering of convertible debentures (the "Convertible Debentures"). To correct and clarify the Company's news release of December 11, 2019, the Offering of Convertible Debentures is additional to, and separate from, the Company's ongoing offering of up to $2,000,000 of units.The Company intends to raise ...

Toronto, Ontario--(Newsfile Corp. - January 10, 2020) - Silk Energy Limited (CSE: SILK) (the "Company") announces the resignations of directors Jay Vieira and Herb Brugh, effective January 10th, 2020. The Company wishes to thank Messieurs Vieira and Brugh for their contributions to the Company and wishes them success in their future endeavours. New Directors The Company is pleased to announce that Bryan Emslie has been appointed as a director of the Company effective ...